As what I have predicted last week, SKF will move up to $120 and give some back to 103 and bounce back breaking $130.
I have actually added some positions today..it was truly a great opportunity to pick up some SKF. Basically the market is looking forward to the housing crisis being over in near future, no more bad news coming out from the financial sector. As we all know, this is not going to happen until 2010-2011.
Once the market settle back to reality, you will see SKF shot back up to $130..